Dillard's (NYSE:DDS) Sets New 1-Year High - Here's Why

Key Points

• Dillard's shares reached a new 52-week high of $553.19, closing at $551.31, with a trading volume of 103,468 shares.
• The company recently increased its quarterly dividend from $0.25 to $0.30 per share, with an annualized yield of 0.2% and a payout ratio of 2.76%.
• Analysts have mixed ratings on the stock, with a consensus rating of "Sell" and a target price of $394.33, despite a recent earnings report that beat estimates with $4.66 EPS.

Dillard's, Inc. (NYSE:DDS - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $553.19 and last traded at $551.31, with a volume of 103468 shares trading hands. The stock had previously closed at $532.88.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Dillard's from $368.00 to $458.00 and gave the stock an "underweight" rating in a report on Monday, July 28th. UBS Group upped their price objective on shares of Dillard's from $170.00 to $175.00 and gave the company a "sell" rating in a research note on Friday, August 15th. Telsey Advisory Group upped their price target on Dillard's from $450.00 to $550.00 and gave the stock a "market perform" rating in a research note on Friday, August 15th. Finally, Wall Street Zen downgraded Dillard's from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Sell" and a consensus price target of $394.33.

Dillard's Stock Performance

The business has a fifty day simple moving average of $487.30 and a two-hundred day simple moving average of $414.71. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.41 and a quick ratio of 1.13. The company has a market cap of $9.01 billion, a PE ratio of 15.89 and a beta of 0.99.

Dillard's (NYSE:DDS - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $4.66 earnings per share for the quarter, beating the consensus estimate of $3.79 by $0.87. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.50 billion. Dillard's had a return on equity of 30.74% and a net margin of 8.87%.Dillard's's quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the business earned $11.09 earnings per share. Research analysts anticipate that Dillard's, Inc. will post 33.25 earnings per share for the current year.

Dillard's Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 3rd. Shareholders of record on Tuesday, September 30th will be given a $0.30 dividend. The ex-dividend date is Tuesday, September 30th. This is a positive change from Dillard's's previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 0.2%. Dillard's's dividend payout ratio (DPR) is currently 3.31%.

Institutional Investors Weigh In On Dillard's

Institutional investors have recently added to or reduced their stakes in the company. New Vernon Capital Holdings II LLC lifted its stake in Dillard's by 26,618.5% during the first quarter. New Vernon Capital Holdings II LLC now owns 186,228 shares of the company's stock worth $66,694,000 after purchasing an additional 185,531 shares during the last quarter. Allianz Asset Management GmbH boosted its position in shares of Dillard's by 0.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 178,547 shares of the company's stock valued at $74,602,000 after purchasing an additional 883 shares during the period. AQR Capital Management LLC increased its position in shares of Dillard's by 14.8% in the second quarter. AQR Capital Management LLC now owns 91,015 shares of the company's stock worth $38,029,000 after acquiring an additional 11,733 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Dillard's by 0.8% in the first quarter. Bank of New York Mellon Corp now owns 77,691 shares of the company's stock valued at $27,823,000 after purchasing an additional 641 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in Dillard's by 75.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 66,142 shares of the company's stock worth $23,687,000 after acquiring an additional 28,468 shares in the last quarter. Hedge funds and other institutional investors own 67.15% of the company's stock.

Dillard's Company Profile

Dillard's, Inc engages in the retail of fashion apparel, cosmetics, and home furnishings, and other consumer goods. It operates through the Retail Operations and Construction segments. The Retail Operations segment comprises sells cosmetics, ladies' apparel, ladies' accessories and lingerie, juniors' and children's apparel, men's apparel and accessories, shoes, and home and furniture products.